The Calculus Project INC

Tax-deductible

Braintree, MA501(c)(3)Since 2017EducationEIN 81-3431454Revenue $861K in FY2024

On file with the IRSthecalculusproject.orgPo Box 657, 02185-0000 · Braintree, MATax-exempt since Aug 2017Publicly supported charity — 170(b)(1)(A)(vi)

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To support the educational advancement and economic development of people and and communities who have historically been disenfranchised through community and school based initiatives, programs and activities including but not limited to focusing on Calculus and other high-level math subjects.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 10 volunteers and 63 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $35K a year · 6% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$477K
to officers and key staff · 47% of spending
Top officer’s pay higher than 98% of similar orgs
Concern: pay to officers and key staff is 47% of spending; over 30%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $605K
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$42K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$861K
+62% vs prior year
Spent
$1.0M
To programs
79%
Net assets
$497K
By yearFY2020–FY2024
Revenue
$861K
FY2024▲ +62%
Tap a bar for its year
Revenue by fiscal year
FY2020$197K
FY2021$457K
FY2022$811K
FY2024$532K
FY2024$861K
Expenses
$1.0M
FY2024▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$291K
FY2022$629K
FY2024$774K
FY2024$1.0M
Net assets
$497K
FY2024▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020−$7K
FY2021$159K
FY2022$1.1M
FY2024$615K
FY2024$497K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $806K Management & general 20% · $205K Fundraising 1% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $477K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$197,800Pt VII · Sec A
Chief Program Officer
$158,050Pt VII · Sec A
Director of School/District Support
$121,543Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Adrian B Mims’s $198K as Chief Executive Officer is at the 98th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024FY2022FY2021FY2020
Adrian B Mims$197,800$177,840$177,300$182,500$67,800
Spencer Blasdale$158,050$123,391$122,419——
Justin Desai$121,543$118,368———
Frederick J Mason III CPA———$2,100—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Calculus Project INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Boosts education and economic opportunity for underserved communities through math programs.

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1 program · $806K · in their own filed words · FY2024
01

The calculus project (TCP) partners with five districts to implement the full, year-round program. Over five hundred students were supported by TCP components ranging from cohort placement and peer teaching to afterschool and summer programs.

$806Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 12 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$861K
Ln 12
Gifts and grantsLn 1h$670K
Fees for servicesLn 2g$190K
Money outPt IX
$1.0M
Ln 25
Programscol B$806K
Managementcol C$205K
Fundraisingcol D$8K
Owns and owesPt X
$497K
net assets · Ln 32
Cash and savingsLn 1–2$341K
Total assetsLn 16$539K
LiabilitiesLn 26$42K
PeoplePt VI, VII
14
listed · VII A
PaidVII A3
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$670K
Government grantsLn 1e$15K
Fees for servicesLn 2g$190K
Total revenueLn 12$861K
Assets in detailPt X, end of year
CashLn 1$341K
Cash and savings togetherLn 1–2$341K
Total assetsLn 16$539K
LiabilitiesLn 26$42K
Net assetsLn 32$497K
OperationsPt I, VI
EmployeesI 563
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$241K$341K
Total assetsLn 16$694K$539K
LiabilitiesLn 26$72K$42K
Net assetsLn 32$622K$497K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$215K$173K$42K
Other salaries and wagesLn 7$461K$371K$91K
Other employee benefitsLn 9$68K$55K$13K
Payroll taxesLn 10$60K$48K$12K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$19K$19K
Other fees for servicesLn 11g$51K$43K$8K$875
Office expensesLn 13$22K$7K$8K$6K
TravelLn 17$12K$11K$603
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$104K$99K$6K
All other expensesLn 24e$1K$227$362$652
Total functional expensesLn 25$1.0M$806K$205K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $532K$774K−$242K$615K 990 PDF
FY2023 Not on file
FY2022 $811K$629K$182K$1.1M 990 PDF
FY2021 $457K$291K$166K$159K 990 PDF
FY2020 $197K−$7K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $860,596 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $327,850$670,336
I-9 Program service revenuePrior year $204,311$190,260
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $532,161$860,596
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $606,934$804,710
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $167,068$214,308
I-18 Total expensesPrior year $774,002$1,019,018
I-19 Revenue less expensesPrior year −$241,841−$158,422
Part VI · Governance 10 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $860,596 across 5 lines filed
VIII-1e Government grants$15,000
VIII-1f All other contributions, gifts and grants$655,336
VIII-1h Total contributions, gifts and grants$670,336
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $190,260$190,260
VIII-12 Total revenueRelated to mission $190,260 · Unrelated business $0 · Excluded from tax $0$860,596
Part IX · Statement of functional expenses $1,019,018 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $173,013 · Management $42,267$215,280
IX-7 Other salaries and wagesPrograms $370,838 · Management $90,595$461,433
IX-9 Other employee benefitsPrograms $54,627 · Management $13,346$67,973
IX-10 Payroll taxesPrograms $48,239 · Management $11,785$60,024
IX-11b Legal feesManagement $4,275$4,275
IX-11c Accounting feesManagement $18,864$18,864
IX-11g Other fees for servicesPrograms $42,571 · Management $7,730 · Fundraising $875$51,176
IX-13 Office expensesPrograms $7,184 · Management $8,276 · Fundraising $6,149$21,609
IX-17 TravelPrograms $10,912 · Management $603$11,515
IX-23 InsuranceManagement $1,274$1,274
IX-24 Other expenses (24a–d)Programs $98,798 · Management $5,556$104,354
IX-24e All other expensesPrograms $227 · Management $362 · Fundraising $652$1,241
IX-25 Total functional expensesPrograms $806,409 · Management $204,933 · Fundraising $7,676$1,019,018
Part X · Balance sheet $538,537 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $241,433$341,138
X-3 Pledges and grants receivableStart of year $350,000$150,000
X-4 Accounts receivableStart of year $102,424$42,239
X-9 Prepaid expenses and deferred charges$5,160
X-16 Total assetsStart of year $693,857$538,537
X-17 Accounts payable and accrued expensesStart of year $71,584$41,772
X-26 Total liabilitiesStart of year $71,584$41,772
X-27 Net assets without donor restrictionsStart of year $272,273$346,765
X-28 Net assets with donor restrictionsStart of year $350,000$150,000
X-32 Total net assets or fund balancesStart of year $622,273$496,765
X-33 Total liabilities and net assetsStart of year $693,857$538,537
Part XI · Reconciliation of net assets $496,765 net assets at year end
XI-1 Total revenue$860,596
XI-2 Total expenses$1,019,018
XI-3 Revenue less expenses−$158,422
XI-4 Net assets at start of year$622,273
XI-8 Prior period adjustments$32,914
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$496,765

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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